Question

what is profit ? what is lose​

Answer 1

Hi buddy

Here is your answer

When you do a business transaction like selling things if you earn some amount in the transaction that amount is called the profit and if you lose some amount then it is called loss.

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Answer 2

Answer:

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs, and expenses incurred during a specified period, usually a fiscal quarter or year. ... These records provide information about a company's ability or inability to generate profit by increasing revenue, reducing costs, or both.

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